Professional Tax and
Accounting Solutions
From Thomson Reuters
Simple Workflow
for Complex Processes
tax.tr.com
80% of accounting staff
waste more than 30
minutes a day searching
for information, and 60%
of staff are spending
more than an hour a day
duplicating work.1
If you’re like most accounting firms today, you’re
using a number of separate applications that
you’ve adopted over time — applications that
don’t always work together to effectively support
your ever-changing business needs.
Is your accounting firm in step with technology?
Or do you use a number of disconnected
applications that you’ve gradually discovered
can’t function effectively in today’s rapidly
changing profession?
Too often, firms will try to force-fit their existing
technology into their processes, thinking new
technologies are more of an investment than
they’re willing or able to make. The resulting
jumble of unrelated applications makes it harder
to serve clients — and limits a firm’s ability to
attract the new, young clients who prefer to work
with their advisors via the latest technology.
1
Why Thomson Reuters?
That’s why tax and accounting professionals are
turning to Thomson Reuters.
Firms that are inundated with manual processes
are prone to inefficiencies and extra work. With
professional tax and accounting solutions from
Thomson Reuters, you can automate your workflow
and do more in less time, with less impact on your
accounting staff and less IT involvement around
your software.
When information comes in your staff only has to
enter data once, eliminating the re-keying of data
and freeing up your staff to serve even more clients.
Thomson Reuters solutions make it possible for
you to give clients what they want before they even
know they need it. You’ll be more proactive with
customers and potential customers as you deliver
tools and services that enable new ideas and
strategies for business growth and engagement.
These value-added services go beyond your
customers’ immediate needs, developing deeper
relationships built on trust. This leads to higher
retention and satisfaction, since your clients enjoy a
level of attention beyond their expectations. It also
drives referral business, since happier clients tend
to spread the word.
Simple Workflow for Complex Processes
Applications and services from Thomson Reuters
are designed to work seamlessly together as an
integrated system. Whether you choose just a few
applications or all of them, your products share
information and automate workflow to increase
your firm’s efficiency and profitability — and raise
the level of service for your clients.
Source: Practice CS Webcast: Discover how you can better track your business and manage your clients through Practice CS, August 2016
Integration story
Here’s an example of an integrated workflow process that illustrates how you can save
hours and reduce administrative burden.
1
Your client enters source data with your client accounting program, which lets them view
financial data in real time, enter transactions and perform everyday functions like check
writing, payables, receivables and payroll processing.
2
You can immediately use the data across all functions in your accounting program and
other applications — trial balance, payroll, financial reporting and more — because you
take advantage of the web to share the same database.
a.Manage, mark up and process your workpapers and source documents using your
workpaper management software. Use source document processing to automatically
name and organize your documents into the folder structure you’re familiar with in
your tax program, and use source data entry to automatically transfer data to the tax
software. Jump into relevant tax research along the way if you run into questions.
b.Use Microsoft® Office integration to automate your Excel® worksheets so they’ll
proforma and save you time each year. Make final adjustments in your trial balance
program, then seamlessly export balances to your tax software in seconds.
c.Process your clients’ payroll tax compliance, make adjustments, and create financial
statements, W-2, 1099 and 1095-C forms — as well as year-end balance data — using
your accounting software. Transfer it all directly into your tax program at tax time.
3
Post your client’s completed tax returns, reports, payroll and other deliverables to secure,
private online client portals, where your client can access them anytime. On your end, all
documents and data are stored securely in your document management program.
4
Manage employees and resources at every step of the process with your practice
management software — and ensure your staff is always up to speed with extensive
compliance and software training.
5
Invoice clients and collect credit card payments directly through your clients’ portal.
Professional Tax and Accounting Solutions From Thomson Reuters
Explore how you can save time with an integrated series of software
applications that encompass every aspect of your firm’s operations — from
collecting client data and posting finished tax returns, to ongoing practice
and engagement management. Scan the codes to the right to read more
about the ways our products and services blend scalable tax processing,
audit and accounting workflow solutions with convenience, security and
expertise you expect.
800.968.8900
tax.tr.com
[email protected]
TL31186
Accounting & Auditing
Accounting CS®
Workpapers CS™
AdvanceFlow®
bit.ly/acct-audit
Payroll Services & Software
Accounting CS Payroll
myPay Solutions®
bit.ly/payroll-svcs
Tax & Asset Management
UltraTax CS®
GoSystem® Tax RS
Fixed Assets CS®
Planner CS®
bit.ly/tax-asset
Client Portals & Websites
Web Builder CS®
NetClient CS®
Onvio Client Center
bit.ly/portals-websites
Document Management
Onvio™ Documents
GoFileRoom®
bit.ly/doc-mgmt
Hosted Options
Software as a Service (SaaS)
for the CS Professional Suite
Virtual Office CS®
bit.ly/hosted-options
Firm & Workflow Management
Practice CS®
FirmFlow™
bit.ly/firm-mgmt
Research and Guidance
Checkpoint®
Checkpoint Engage™
Checkpoint Learning®
bit.ly/research-guidance